- The Turkish Lira nudged up, hovering away from an over 5-month low hit last week as investors digested yesterdays better than expected economic data.
- Turkey's annual inflation rate increased to a 5-month high of 12.15 percent in January from 11.84 percent in the previous month, while producer prices rose by 8.84 percent year-on-year in January.
- USD/TRY is trading 0.3 percent down at 5.9668, having hit a high of 5.9873 on Thursday, its highest since August 26.
- Momentum indicators are turning bearish on hourly charts - RSI weak at 23.12, MACD supports downside and Stochs are biased lower.
- Immediate resistance is located at 5.9920, any close above could take it above 6.0030.
- On the downside, support is seen at 5.9613 (7-EMA) and break below could take it near 5.9506 (10-DMA).
Recommendation: Good to sell on rallies around 5.9800, with stop loss of 5.9870 and target price of 5.9613.


FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 



